FirstEnergy Transmission LLC Files 8-K

TL;DR

FET just filed an 8-K for a material agreement and new financial obligation.

AI Summary

On August 11, 2025, FirstEnergy Transmission, LLC entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits.

Why It Matters

This 8-K filing signals a significant financial event or obligation for FirstEnergy Transmission, LLC, potentially impacting its financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a new financial obligation, which could introduce financial risks or opportunities for the company.

Key Players & Entities

• FirstEnergy Transmission, LLC (company) — Registrant
• August 11, 2025 (date) — Date of earliest event reported
• 205763884 (company) — I.R.S. Employer File Number
• 5001 NASA Boulevard (location) — Business Address
• Fairmont (location) — City
• WV (location) — State
• 26554 (location) — ZIP Code
• 3303845400 (phone_number) — Business Phone
• 341 WHITE POND DRIVE (location) — Mail Address
• AKRON (location) — Mail City

FAQ

Key Financial Figures

• $450 million — e "Company"), completed its offering of $450 million aggregate principal amount of its 4.750

Filing Documents

• fet-20250811.htm (8-K) — 39KB
• ex43fet2025-formofnote.htm (EX-4.3) — 342KB
• ex101fet2025-registrationr.htm (EX-10.1) — 142KB
• fet-20250811_g1.jpg (GRAPHIC) — 657KB
• 0002038118-25-000019.txt ( ) — 2222KB
• fet-20250811.xsd (EX-101.SCH) — 2KB
• fet-20250811_lab.xml (EX-101.LAB) — 19KB
• fet-20250811_pre.xml (EX-101.PRE) — 11KB
• fet-20250811_htm.xml (XML) — 2KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Completion of Notes Offering On August 13, 2025 (the "Closing Date"), FirstEnergy Transmission, LLC (the "Company"), completed its offering of $450 million aggregate principal amount of its 4.750% senior notes due 2033 (the "Notes"), which were issued pursuant to a purchase agreement dated August 11, 2025 (the "Purchase Agreement") by and among the Company and BofA Securities, Inc., CIBC World Markets Corp., Mizuho Securities USA LLC, and RBC Capital Markets, LLC, as representatives of the several initial purchasers named in Schedule 1 to the Purchase Agreement. The Company intends to use the net proceeds from the sale of the Notes (i) to repay short-term indebtedness, (ii) to finance capital improvements, (iii) for working capital needs, and (iv) for general corporate purposes. The Notes are senior unsecured general obligations of the Company. The Notes were issued pursuant to an Indenture, dated as of May 19, 2014 (the "Base Indenture"), as supplemented by the First Supplemental Indenture, dated as of October 4, 2024 (the "First Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "Trustee"). The Notes bear interest at a rate of 4.750% per year, payable semi-annually in arrears of each on January 15 and July 15, beginning on January 15, 2026. The Notes will mature on January 15, 2033, provided that the Notes will be redeemable, in whole or in part, at the Company's option, at any time prior to November 15, 2032 (the date that is two months prior to the scheduled maturity date) at a "make-whole" redemption price (as set forth in the Indenture) and, on or after such date, at par. The Indenture contains customary covenants, such as reporting of annual and quarterly financial results and restrictions on certain mergers and consolidatio

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits ( d) Exhibits The exhibit index set forth below is incorporated by reference in response to this Item 9.01. Exhibit No. Description 4.1 Indenture, dated May 19, 2014, by and between FirstEnergy Transmission, LLC and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to FET's Form S-4 filed October 8, 2024, Exhibit 4.1, File No. 333-282554). 4.2 First Supplemental Indenture, dated as of October 4, 2024, to Indenture dated May 19, 2014, by and between FirstEnergy Transmission, LLC and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to FET's Form S-4 filed October 8, 2024, Exhibit 4.2, File No. 333-282554). 4.3 Form of 4.750% Convertible Senior Notes due 2033. 10.1 Registration Rights Agreement, dated as of August 13, 2025, among FirstEnergy Transmission, LLC and BofA Securities, Inc., CIBC World Markets Corp., Mizuho Securities USA LLC and RBC Capital Markets, LLC, as representatives of the initial purchasers of the Senior Notes due 2033. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) Forward-Looking Statements: This Form 8-K includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "forecast," "target," "will," "intend," "believe," "project," "estimate," "plan" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actu

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View this 8-K filing on SEC EDGAR